The man who made all the money.

the man who made all the money

About sharing image captionChuck Feeney made his fortune when he set new in internet earnings the world's largest duty free goods company inbut has spent the last three decades donating billions of dollars to good causes in Ireland and other countries He is the billionaire who wants to go broke within his own lifetime, by giving his all his money away.

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Chuck Feeney is an Irish American philanthropist who has spent the last 30 years losing a fortune - but all in the name of charity. The year-old businessman made his money selling luxury duty free goods to travellers across the world, but he rejects the trappings of wealth himself. Inspired Mr Feeney is the founder of The Atlantic Philanthropiesan international organisation set up to distribute his fortune to good causes and projects that he supports around the world.

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The foundation's main areas of interest are health, education, reconciliation and human rights. Anonymity Mr Feeney traces his family history back to County Fermanagh in Northern Ireland, where his grandmother was brought up close to the village of Kinawley.

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The entrepreneur has a particular interest in supporting universities on both sides of the Irish border. InForbes magazine described him as "the man who arguably has done more for Ireland than anyone since Saint Patrick". His philosophy of 'giving while living' has inspired other billionaire businessmen, such as Microsoft co-founder Bill Gates and investor Warren Buffett.

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However, Mr Feeney is not as well known as trading robots metastok of his biggest and richest fans, possibly because for the first 15 years of his philanthropic mission, he donated money in secret.

He emerged from anonymity inand since then he has promoted the idea that people who have amassed great wealth should use their money for "a greater good".

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Great Depression Known for his frugal lifestyle, the billionaire is a self-made man who sprang from humble beginnings. His mother worked as a hospital nurse and his father was an insurance underwriter.

He showed entrepreneurial skills from an early age, selling Christmas cards door-to-door when he was just 10 years old.

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He took advantage of a US government education programme for veterans and became the first member of his family to go to college. DFS Group now employs more than 9, people and describes itself as "the world's leading luxury travel retailer" with billions in sales.

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Winding up However, the man whose life's mission has been to die broke and live the man who made all the money has turned duty free profits into a duty to give all his profits away.

The Atlantic Philanthropies is continuing to distribute Mr Feeney's "entire endowment", with the aim of "bringing about lasting changes in the lives of disadvantaged and vulnerable people".

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The organisation is due to be wound up inwhen he will be Related Topics.

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